Aggregate profits at Chinese steel companies are off 96% Y/Y through H1, according to the...
Aggregate profits at Chinese steel companies are off 96% Y/Y through H1, according to the country's Iron & Steel Association. Profit margins have slumped to just 0.13% from 3.06% as massive production overcapacity has the nation continuing to pump more metal out than the domestic and global economy needs. AreclorMittal (MT) earnings.
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